Obama

Meltzer: Are We Tough Enough For The Coming Inflation Battle?

“No country facing enormous budget deficits, rapid growth in the money supply and the prospect of a sustained currency devaluation as we are has ever experienced deflation. These factors are harbingers of inflation.” Allan H. Meltzer, May 3rd 2009 In Allan Meltzer’s excellent New York Times op-ed piece from May 3rd, we are taken back…

Dulling the Impact of the Stress Tests

an·ti·cli·max: Something trivial or commonplace that concludes a series of significant events This is not a discussion of whether or not the upcoming 19-bank stress test results are important or whether or not they should have been conducted in the first place.  Instead, the subject I’ll pontificate on here is the masterful dissemination of the potentially disruptive…

Warren & Becky Sittin' In A Tree…

It’s springtime, so that can only mean one thing…yes, Becky Quick is in position for another Berkshire Hathaway Annual Shareholders Meeting in Omaha. Let the lovefest begin. As sure as the Swallows return to Capistrano each year, Becky and her camera crew will show up for their standing hotel reservation deep in the heart of Buffett…

These Little Piggies Went to Market

Apparently, there is an explosion in new equity offerings and even new debt offerings coming from the REIT sector.  The Real Estate Investment Trusts are raising cash from investors while they can, and high-profile deals have already gotten done by Simon Properties (SPG) and Kimco (KIM). From FT: There is an appetite from institutional investors…

The Somali Pirate Takes Manhattan!

This has FARCE written all over it… From the New York Times: A Somali teenager has arrived to face what are believed to be the first piracy charges in the United States in more than a century…Abduhl Wali-i-Musi, the sole surviving Somali pirate from the hostage-taking of an American ship captain, was handcuffed with a…

When Its Time To Raise Rates, Will Bernanke Have The Stones?

An article in Bloomberg raises some very interesting questions and I though I’d open up the discussion on these three: 1.  Since Bernanke has clearly chosen Keynes over Friedman, pumping in liquidity with the belief that inflation will be held in check, will this “end in tears” as Fed historian Dr. Allan Meltzer believes? 2. …

Creating a Bailout Army of Retail Investors

I’m actually OK with this one.  If the taxpayers are going to be on the hook for the losses, they should get a crack at the upside, too (hopefully there will be an upside). And if that opportunity comes in the form of retail funds created by quality organizations like the Pimco‘s and the BlackRock‘s…so…

Market Recap: Monster Day for US Market, Vegas Stocks Lead the Way

[vodpod id=Groupvideo.2311899&w=425&h=350&fv=m%3D27467187%26type%3Dvideo%26a%3D0] Let me get this straight, Obama hosted an unscripted Q&A and the market still went up triple digits?  That’s Gangsta.  This will take some getting used to as our prior President wasn’t that good at the whole off-the-cuff thing. The mark-to-market standards easing, while already telegraphed in advance, was like an anabolic steroid…

Obama's iPod Playlist for The Queen

Queen Mix, Spring 2009 Name                        Artist                           Genre                  Playcount London Calling        The Clash                    Punk                    6 If I Were President   Wyclef Jean                 Hip Hop              3 Anarchy in the UK   Sex Pistols                   Punk                   9 Her Majesty              Beatles                        Classic Rock       4 Trouble                     Lindsey Buckingham  Classic Rock      2 Kings and Queens    Aerosmith                   …

This is What Socialism Looks Like: Obama's Auto Speech

Below is a visual representation using the full text of President Obama‘s speech regarding General Motors and Chrysler yesterday.  The size of each word is dictated by the frequency with which it appears in the speech. I’m no bankruptcy expert, but friends of mine in the legal field are.  They believe that the notion of…